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These days, finding an affordable place to live in the 55038 area can be challenging. Home prices in 55038 are now at a median cost of $440,566, higher than the Minnesota average of $345,793.
The average cost of rent is $1,841/mo in 55038, primarily driven by the current value of real estate in the 55038 area. In 55038, 9.10% of households rent, and 28.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55038 is $11,448 per month. Households that rent pay about 16.08% of their income on rent here. 55038’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 55110, MN: less expensive homes
- 55014, MN: less expensive homes
- 55127, MN: higher priced homes
- 55115, MN: higher priced homes
- 55025, MN: equally priced homes
- 55090, MN: less expensive homes
- 55126, MN: less expensive homes
- 55449, MN: equally priced homes
- 55109, MN: less expensive homes
- 55047, MN: higher priced homes
Zip Codes with Similar Populations
- 02840, RI: higher priced homes
- 99502, AK: equally priced homes
- 83442, ID: equally priced homes
- 79603, TX: less expensive homes
- 61350, IL: less expensive homes
- 33870, FL: less expensive homes
- 32778, FL: less expensive homes
- 28120, NC: less expensive homes
- 19018, PA: less expensive homes
- 14618, NY: less expensive homes
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